GREY:PGDIF - Post by User
Comment by
schocoron Mar 29, 2018 5:46pm
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Post# 27805799
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What is a JK? Why is it a gospel on numbers?
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What is a JK? Why is it a gospel on numbers? A full FS for CH6 and Ch7 is not what the company will be pursuing as a next step. Getting a partner to fund further exploration of Ch1 and Ch44 is the goal. An economic Ch6 is a carrot we are dangling to get interest. After we know what is up North at Ch44 and Ch1 - and maybe some other exploration along the way - we be cable to proceed with the FS. We are 10 years away from a mine at Chidiak. Listen - with the ore we have now at Ch6 and Ch7 you would open pit it to 150-200M level - that is maybe 4 million tonnes of ore. You would purchase a whole OPEN pit fleet and it would be excess 50% of the way through its useful life. They you are going to do the same ting with an underground fleet on Ch6? Furthermore - you are mining out of two small pits. How are you going to get a constant ore stream to the mill to keep it full? Now I have just made up some numbers based on my experience to highlight that we do not have enough ore to engage in a FS at this time - OR - that we would be best served to get some more ore in the mine plan before we waste a pile of money on a FS. The numbers will be off because they are estimated- but the point is valid. A FS is NOT our next step. Didn't they say this at the AGM? I think they did.